Apollo Tyres Ltd has raised product prices across categories by 2-4 percent to offset the surge in cost of rubber. This is with effect from Thursday; the quantum would vary across product lines. Spot price of the most traded RSS-4 (ribbed smoked sheet) rubber has hit a record high of 15,650 rupees in Kottayam, Kerala, as per data compiled by the Rubber Board. Natural rubber makes up over 40 percent of the total cost of a tyre. Further round of price increase was required in coming months to combat the surge in costs. JK Tyre and Industries Ltd. is also planning a price increase in the near term.
crackcrack| Company Name | CMP |
|---|---|
| MRF | 139772.66 |
| Apollo Tyres | 445.30 |
| CEAT | 3713.55 |
| Balkrishna Inds. | 2329.80 |
| JK Tyres & Inds. | 428.30 |
| View more.. | |
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